Market situation: Bitcoin and Atrium are trying to recover prices
The recent decline of bitcoin continued until the price reached the level of $ 20,000 for a while, but with the rising wave, efforts began to stabilize the price above the level of $ 22,000. Bitcoin is currently hovering around $ 22,300 and is facing $ 23,000 resistance. The price of bitcoin has increased by 4% compared to yesterday and decreased by 26% compared to last week.
To Report Cryptonews, other market coins, are also trying to start their price recovery waves. Atrium is facing resistance at $ 1,220 and $ 1,250. XRP was able to break through the resistance barrier at $ 0.32. Cardano also broke his resistance at $ 0.50.
Bitcoin price
Following the continuation of the downward trend in prices, bitcoin support in the $ 20,000 area was finally able to stop the downward trend. From here, things get trickier, and this is where the true strength of the $ 21,200 level begins. The climb continued to the top of the $ 22,500 area and even attempted to cross the $ 23,000 resistance; But the price returned to the level of $ 22,200. The key resistance currently seen in Bitcoin’s growth path is in the $ 23,200 area.
But if Bitcoin continues its recent downtrend again, the first support is in the $ 22,000 range and the next support is in the $ 21,200 range. If these protections are broken, there is a potential for further price reductions.
Atrium prices
Atrium was also supported in the $ 1,000 area. The uptrend pushed the Atrium up to $ 1,150 and the jump to $ 1,200. Atrium is currently facing resistance in the $ 1,250 area, which, if crossed, could move faster to offset recent price declines. Atrium prices are up 4 percent from yesterday and down 32 percent from last week.
If Atrium does not overcome the $ 1,250 resistance, it is likely that the price will fall again. The first support is seen at the downtrend of Atrium at the level of $ 1,150 and the second support is seen at $ 1,120.
Also read: Atrium Price Analysis: Now is a Good Time to Buy?
The price of instruments
Cardano crossed the $ 0.5 resistance and even reached the top of the $ 0.535 level; But it could not cross the $ 0.55 resistance. Cardano is down 12 percent from yesterday and 19 percent from last week.
The BNB stabilized above its $ 200 support, after which it crossed the $ 220 and $ 225 levels. The price of this digital currency is currently close to $ 230 and there is resistance in the $ 235 area.
Solana’s price rose 18 percent to above $ 30 and is now above $ 34. The $ 35 resistance is in front of Kardan. Cardano’s weekly loss rate has dropped to 12 percent.
The Dodge Quinn was well supported near the $ 0.050 level. Following this support, the price started to rise and crossed the resistance of $ 0.060. The next key resistance is seen at around $ 0.0635. Dodge Quinn reduced its weekly loss to 24% with a 13% increase.
XRP saw a good price increase over the $ 0.312 resistance. The $ 0.335 resistance was also removed and it is possible to cross the $ 0.35 resistance.
The symbol of many pennies on the market today is green. Among the top 100 digital currencies on the market, Elrond, Helium and Beth had the best performance, rising between 21% and 23%.
In short, the price of Bitcoin is stabilizing above the level of $ 22,000 and is likely to face resistance in the range of $ 23,000 and $ 23,200.